PwC Legal advises meat processor Tönnies on the sale of its shares in Polish logistics company PAGO

December 2, 2020

Hamburg, December 2, 2020

PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Tönnies International Holding GmbH on the sale of its shares in Polish logistics firm PAGO Sp. z o.o. to the US-based provider of logistics solutions, Lineage Logistics Holdings, LLC.

Tönnies International Holding GmbH, headquartered in Rheda-Wiedenbrück in East Westphalia, Germany, is a family business active in the food industry. With approximately 16,500 employees, the international company operates in eight divisions. In 2018, Tönnies generated an annual revenue of 6.65 billion Euros.

PAGO Sp. z o.o. is one of the largest logistics providers in the frozen food sector in Poland. The company runs a network of cold store and distribution plants with a total storage capacity for 190.000 pallets. The logistics firm employs nearly 400 team members.

The buyer, Lineage Logistics, is one of the world’s leading providers of temperature-controlled logistics solutions. Headquartered in Michigan (USA), the company employs around 7.200 team members. With the acquisition of PAGO, Lineage is gaining access to the Polish logistics market.

Advisor to Tönnies International Holding GmbH

PwC Legal Germany

Ivo Dreckmann (Lead), Dr. Danielle von Hegel, Lars Lübbers, Victor Gontard (all Corporate /M&A / Hamburg)

PwC Legal Poland

Beata Kiedrowicz (Lead), Piotr Platnerz, Andrzej Laprus

For additional information please contact

Sven Humann
PwC Communications
Phone: +49 (69) 9585 – 6656
E-Mail

About PwC Legal:

In today’s rapidly evolving marketplace, our clients are increasingly concerned with business collaborations, restructuring, mergers and acquisitions, financing and questions of social responsibility. They need legal security when dealing with such complex issues. That is why we work closely with PwC’s tax, human resources and finance experts and draw on the resources of our legal network in more than 100 countries to deliver comprehensive advice. Whether a global player, a public body or a wealthy individual, each client can rely on a personal account manager to address his or her specific legal needs. This dedication helps us ensure our clients’ long-term business success.

PwC Legal. More than 250 lawyers at 18 locations. Integrated legal advice for the real world.

Contributors

Ivo Dreckmann

Corporate/M&A

Tel: +49 40 6378-1411

Dr. Danielle von Hegel

Financial Services

Tel: +49 69 9585-2891